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Upstox Vs RMoney Share Broker Comparison

The side-by-side comparison of Upstox and Raghunandan Capital Pvt Ltd stock brokers in India. The comparison below highlights the similarities and differences between Upstox and RMoney's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Upstox and RMoney.

  Upstox Raghunandan Capital Pvt Ltd
 
Upstox Logo Raghunandan Capital Pvt Ltd Logo
About the Broker Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds... Know more about Raghunandan Capital Pvt Ltd
Type of Broker What is this parameter? Discount Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type What is this parameter? Upstox Basic Zero Brokerage Plans
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Upstox Raghunandan Capital Pvt Ltd
Trading Account Opening Fees What is this parameter? ₹150 (Eq and F&O), ₹150 (MCX) ₹0 (Free)
Trading Account AMC What is this parameter? ₹0 ₹0 (Free)
Demat Account Opening Fees What is this parameter? ₹0 ₹0 (Free)
Demat Account AMC What is this parameter? ₹150 (paid upfront) ₹0 for lifetime (Free)
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Upstox Raghunandan Capital Pvt Ltd
Account Type Upstox Basic Zero Brokerage Plans
Fixed Charges What is this parameter? ₹0
Equity Delivery Brokerage What is this parameter? ₹0 ₹0 (Free)
Equity Intraday Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

  Upstox Raghunandan Capital Pvt Ltd
Account Type Upstox Priority Happy Service Plan
Fixed Charges What is this parameter? ₹0 NA
Equity Delivery Brokerage What is this parameter? ₹0 0.10% to 0.40%
Equity Intraday Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) 0.01% to 0.04%
Equity Futures Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) 0.005% to 0.02%
Equity Options Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) ₹20 to ₹80 per lot
Currency Futures Trading Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) 0.005% to 0.02%
Currency Options Trading Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) 0.005% to 0.02%
Commodity Futures Trading Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) 0.005% to 0.02%
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? ₹0 ₹0
Other Brokerage Charges What is this parameter? Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges What is this parameter? ₹20 per trade ₹0 (Unlimited Calls)
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Taxes

  Upstox Raghunandan Capital Pvt Ltd
Securities Transaction Tax (STT) What is this parameter?
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Upstox Raghunandan Capital Pvt Ltd
Equity Delivery What is this parameter? NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday What is this parameter? NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures What is this parameter? NSE ₹210 NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options What is this parameter? NSE ₹5500 NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures What is this parameter? ₹150 NSE, BSE - ₹150 per crore (0.0015%)
Currency Options What is this parameter? ₹6000 NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity What is this parameter? MCX ₹260/Cr MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Exposure

  Upstox Raghunandan Capital Pvt Ltd
Equity Delivery What is this parameter? 1x Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday What is this parameter? Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x 20x (5%) (Intraday Only)
Equity Futures What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Intraday - 100X (1%)
Currency Options What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Intraday - 100X (1%)
Commodity What is this parameter? Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x Intraday - 77X (1.3%)
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Share Broker Features

  Upstox Raghunandan Capital Pvt Ltd
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? No Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No Yes
Margin Trading Funding Available What is this parameter? No No
Trading Platform What is this parameter? Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time What is this parameter? 3:15 PM Equity 3:15 PM
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  Upstox Raghunandan Capital Pvt Ltd
  42 Customer Reviews    Rate Upstox 3 Customer Reviews    Rate RMoney
Fees Ratings 3.7 4.7
Trading Brokerage Rating 3.7 4.7
Trading Platform Usability 2.8 4.3
Customer Service Ratings 2.5 4.0
Overall Ratings Rated 2.5 stars Rated 4.0 stars
Broker Rating Upstox is Rated 2.5 / 5 based on 42 customer reviews RMoney is Rated 4.0 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Upstox Raghunandan Capital Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  Upstox Raghunandan Capital Pvt Ltd
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? No Yes
Mutual Funds What is this parameter? No Yes
Bond / NCD What is this parameter? No Yes
Debt What is this parameter? No Yes
Other Investment Options What is this parameter? Corporate FD, Life Instance, General Insurance
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Customer Service Offered

  Upstox Raghunandan Capital Pvt Ltd
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? No Yes
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Order Type

  Upstox Raghunandan Capital Pvt Ltd
Bracket Order What is this parameter?
Cover Order What is this parameter?
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter?
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Research / Tips / Reports Published

  Upstox Raghunandan Capital Pvt Ltd
Daily Market Report What is this parameter? No Yes
Free Tips What is this parameter? No No
Quarterly Result Analysis What is this parameter? No Yes
News Alerts What is this parameter? No Yes
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Suitable for Investor Category

  Upstox Raghunandan Capital Pvt Ltd
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes Yes

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Pros, Cons and Other Review Comments

  Upstox Raghunandan Capital Pvt Ltd
Pros What is this parameter?
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

More Advantages...

  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.

More Advantages...

Cons What is this parameter?
  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.

More Disadvantages...

  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.

More Disadvantages...

Reviews What is this parameter? Useful articles about Upstox: Useful Articles:
Promo / Offers What is this parameter?

Get Account Opening Fee Refunded

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback.

To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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